One of my main objectives writing Nexus of Innovation is to share my thoughts on what I expect to happen without layering on my own bias of what I'd prefer to happen.
Regarding governments attempting to balance the scales: I acknowledge the money printing going on now, but I disagree that they, at least the US federal government is raising taxes. President Biden has proposed tax increases, but they are a long way from being implemented.
My argument is that taxes will rise over the next 10 years. With wealth gap widening and technology creating fewer winners who win bigger it’s inevitable as that’s their attempt to balance the scale.
China will be the world military and financial power by 2037. The great reset will destroy the West. What people seem to misunderstand is that China will just boom. That is not the case. This Great Reset is the self-destruction of Western society. We have already witnessed the most drastic decline in GDP than any economic recession or Great Depression including that of the 1930s. World GDP may shrink by more than 50% by the end of this year. That means that China does not have to boom, all they need do is decline less than that of the west. God help us.
Regarding governments attempting to balance the scales: I acknowledge the money printing going on now, but I disagree that they, at least the US federal government is raising taxes. President Biden has proposed tax increases, but they are a long way from being implemented.
My argument is that taxes will rise over the next 10 years. With wealth gap widening and technology creating fewer winners who win bigger it’s inevitable as that’s their attempt to balance the scale.
China will be the world military and financial power by 2037. The great reset will destroy the West. What people seem to misunderstand is that China will just boom. That is not the case. This Great Reset is the self-destruction of Western society. We have already witnessed the most drastic decline in GDP than any economic recession or Great Depression including that of the 1930s. World GDP may shrink by more than 50% by the end of this year. That means that China does not have to boom, all they need do is decline less than that of the west. God help us.
Categories: China
Keep it up Jared. Thinking outside the box is good for my 77 year old brain!! Gary E